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Range bars - anyone trading them?

  • #41
  • Aug 7, 2010 12:11pm Aug 7, 2010 12:11pm
Quoting globalinvest
Is it even possible to backtest a range bars set-up with a strategy tester ?
Since they are synthetic don't bet the ranch on the result.
  • #42
  • Aug 7, 2010 12:14pm Aug 7, 2010 12:14pm
Quoting SunTrader
Since they are synthetic don't bet the ranch on the result.
I thought so too. Just found a whole lot of bad opinions that results are not that precise.
Maybe someone can achieve a 100% modeling quality ?
  • #43
  • Aug 8, 2010 8:24am Aug 8, 2010 8:24am
Hi GlobalInvest,

Can you please tell me the process you follow to get the offline charts to work displaying sufficient bars?
I have such little data appearing that the charts are almost useless.

Regards
Steve
  • #44
  • Aug 8, 2010 8:37am Aug 8, 2010 8:37am
This is how I set it up.
Also on the weekend I don´t think you will get sufficient data. Try again at midnight when markets open.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 153 KB
  • #45
  • Aug 12, 2010 4:45am Aug 12, 2010 4:45am
Another cool day-s. Yes did have 1 loss before. 30 pips, but another trade right now covered everything.

No need to get out yet.

122 pips so far ..

Enjoy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD 12_Aug_2010 (15 Range).jpg Size: 156 KB
Some pursue happiness, others create it.
  • #46
  • Aug 12, 2010 5:04am Aug 12, 2010 5:04am
Hi Genius,

Can you please upload your template?

Thanks
Steve

Quoting genius75
Another cool day-s. Yes did have 1 loss before. 30 pips, but another trade right now covered everything.

No need to get out yet.

122 pips so far ..

Enjoy trading!
  • #47
  • Aug 12, 2010 6:15am Aug 12, 2010 6:15am
I think you need Indicators as well ..

A little update

15 minutes GBP/USD is still fine .. no reason to get out. Same on 15 bars range.

I'll wait for 204 EMA cross.

Not that I am using 15 minutes, but I think you can trade cci 600 there too.

Quoting dawsonsg
Hi Genius,

Can you please upload your template?

Thanks
Steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $GBPUSD 12_Aug_2010 (15 Range)2.jpg Size: 153 KB
Click to Enlarge Name: metatrader.jpg Size: 111 KB
Attached File(s)
File Type: xml cci600.xml   28 KB | 341 downloads
Some pursue happiness, others create it.
  • #48
  • Aug 12, 2010 6:36am Aug 12, 2010 6:36am
still trying to understand the difference between renko and range bars...
  • #49
  • Aug 12, 2010 7:18am Aug 12, 2010 7:18am
"The range bar measures a set range of price movements and when that range is met the bar prints. A renko bar does the same except the range has to be all in one direction for the bar to print. So with a 10 tick renko bar the range has to be all up or all down for it to print

Ex: A 10 tick range bar could open at 100.00 and have 5 ticks up to 100.05 and 5 ticks down to 99.95 and the bar would print. A 10 tick renko bar would have to have 10 ticks up to 100.10 or 10 ticks down to 99.90 before it would print.

Got it? I hope so it exhausted me explaining it.

So the benefits to both are when price moves quickly the bars start printing. We need the bars to print in order for our indicators to, well, indicate. It may be a shock for some but all our indicators are lagging. Sorry. They need the price bars to move in order for them to do their "magic".

Hope this cleared the air for any that were equally unaware.

Quoting qwertymyfx
still trying to understand the difference between renko and range bars...
Some pursue happiness, others create it.
  • #50
  • Aug 13, 2010 7:40pm Aug 13, 2010 7:40pm
Quoting qwertymyfx
still trying to understand the difference between renko and range bars...
Range Bars are far superior when compared to Renko. They are totally different.
  • #51
  • Aug 25, 2010 11:18am Aug 25, 2010 11:18am
hey guys,

have been playing around with this indi, tsr signal line with settings of 30,3,0 and range bars of 25 pips.

see attached pic for when to go long or short, trade is confirmed when signal line changes colour then enter on the 3rd bar. stoploss 50 pip and profit 50 pip.

can anyone backtest this visually as i have only got 5 days of data to use. in the last 5 uk sessions on cable there were 7 winners, no losers.

hope someone has more data to test this on, at the moment it looks too good, which usually means it won't work !!

cheers J
Attached Image (click to enlarge)
Click to Enlarge Name: rangebar.jpg Size: 56 KB
Attached File(s)
File Type: mq4 _T_S_R__Signal_Line.mq4   4 KB | 616 downloads
  • #52
  • Aug 25, 2010 11:36am Aug 25, 2010 11:36am
Quoting slimcat
at the moment it looks too good, which usually means it won't work !!
  • #53
  • Aug 26, 2010 3:25am Aug 26, 2010 3:25am
target reached, looking for possible short if signal line turns red
Attached Image (click to enlarge)
Click to Enlarge Name: rangebar.jpg Size: 39 KB
  • #54
  • Aug 26, 2010 4:10am Aug 26, 2010 4:10am
Quoting globalinvest
Hi
Is there anyone who can help me in running the following strategy through a strategytester ?

Or show me how it is done ?
If you go to the website from which you bought the script, the faq section tells you how to run CRB testing under Strategy Tester.

Steve
The dream will never die
  • #55
  • Aug 26, 2010 4:42am Aug 26, 2010 4:42am
what is the range bar indicator or script do u use and works well?
as searching didn't help.
u can attach it here (not commercial)
thnx in advance
  • #56
  • Aug 26, 2010 5:58am Aug 26, 2010 5:58am
short started, please note these are not real trades, as i don't have the data to back test it fully to know if this is just a lucky streak.

need someone else to verify this method with lots of range bar data??

cheers J
Attached Image (click to enlarge)
Click to Enlarge Name: rangebar.jpg Size: 51 KB
  • #57
  • Aug 26, 2010 6:13am Aug 26, 2010 6:13am
Quoting slimcat
short started, please note these are not real trades, as i don't have the data to back test it fully to know if this is just a lucky streak.

need someone else to verify this method with lots of range bar data??

cheers J
lucky streak or not, i'm sure u'll be a happy person if this continues!
Enter Signature
  • #58
  • Aug 26, 2010 6:23am Aug 26, 2010 6:23am
  •  SwissRaj
  • | Joined Aug 2010 | Status: (¯`·._.· the lonely trader ·._.·´¯) | 109 Posts
Just answering to the original question:

I use range bars for Eurodollar, 30 days fed funds, AUDUSD and GBPUSD futures.

btw, I've read several of you using range bars of 10/15 ticks for gbpusd. 15 is also the recommended amount according to Woodie system.

However, I made some backtest with NT and found more profitable 35 ticks bars. It works better for me.
>>> psychology is more important than technicalities ^_^
  • #59
  • Aug 26, 2010 9:26am Aug 26, 2010 9:26am
Quoting slimcat
short started, please note these are not real trades, as i don't have the data to back test it fully to know if this is just a lucky streak.

need someone else to verify this method with lots of range bar data??

cheers J

stop hit, 8 winners and 1 losing trade with 7 days data. see if it continues like this into the future then we can all be rich

cheers J
  • #60
  • Edited 11:56am Nov 23, 2010 9:36am | Edited 11:56am
Hi every one, I´m glad to found this thread. I only trade in CRB.
Want to share my strategy, only with Dinapoli Stoch and some times add RSI X 2.
Want to hear your comments.
Wish all you the best of the best . . .
Attached Image (click to enlarge)
Click to Enlarge Name: crb15_stochdinapoli_rsi.gif Size: 42 KB
Humble & Kalcker CLO2 = Covid killer
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